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Treasury Direct |
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Treasury direct A system allowing an individual investor to make a noncompetitive bid on US Treasury securities and thus avoid broker-dealer fees. Treasury Direct The act or practice of buying U.S. Treasury securities without using a broker as an intermediary. The federal government sells its securities to the public using both competitive and non-competitive bidding; both of these are examples of Treasury direct. This eliminates fees the counterparties would have to pay otherwise.
Treasury Direct. Treasury Direct is a direct investment system, offered through the US Department of the Treasury, that lets you make competitive or noncompetitive bids for new US Treasury issues. Once you open a Treasury Direct account, you can buy, sell, or roll over your investments by mail, telephone, or online. Interest paid on your investments, and the value of any securities you redeem at maturity or by sale, are deposited directly into the bank account you designate. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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